bolttech
Funding History
| Series B · 05/2023 | $1.6B |
|---|---|
| Series C · 06/2025 | $2.1B |
Overview
bolttech is a Singapore-headquartered insurtech company, launched in 2020, that operates a cloud-native embedded insurance and protection platform. The platform lets non-insurance businesses -- banks, telcos, retailers, device makers, and other enterprises -- embed insurance quote, bind, pay, and servicing capabilities directly into their own customer journeys via a single API, rather than building carrier integrations themselves.
According to its own site, bolttech operates across 39 markets on four continents, working with more than 700 distribution partners and offering over 7,000 insurance products across categories including mobile devices, health, home, travel, cyber, and mobility, with more than US$90 billion in quoted premiums processed annually. Group Chief Executive Officer Rob Schimek leads the company; its board is chaired by Richard Li, with non-executive directors including former Australian Prime Minister Malcolm Turnbull.
The company has raised primary equity funding across multiple rounds, reaching unicorn status with its Series B round and a further valuation increase in its Series C round. Investors across its funding history include Activant Capital Group, EDBI, Mundi Ventures (via its Alma Mundi Insurtech Fund), Tokio Marine, MetLife Next Gen Ventures, Khazanah Nasional, Baillie Gifford, and Generali's Lion River fund, alongside its Series C lead investor Dragon Fund.
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